Teradyne, Inc. $TER Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC cut its stake in shares of Teradyne, Inc. (NASDAQ:TER) by 14.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 99,500 shares of the company’s stock after selling 17,470 shares during the quarter. SG Americas Securities LLC owned approximately 0.06% of Teradyne worth $8,947,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in TER. Vanguard Group Inc. lifted its stake in Teradyne by 2.5% in the first quarter. Vanguard Group Inc. now owns 20,922,231 shares of the company’s stock worth $1,728,176,000 after acquiring an additional 516,332 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Teradyne by 26.4% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 3,118,297 shares of the company’s stock valued at $286,634,000 after purchasing an additional 652,175 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Teradyne by 16.1% in the 1st quarter. Invesco Ltd. now owns 2,790,898 shares of the company’s stock valued at $230,528,000 after purchasing an additional 387,705 shares in the last quarter. ARK Investment Management LLC lifted its position in shares of Teradyne by 16.7% during the 1st quarter. ARK Investment Management LLC now owns 2,243,590 shares of the company’s stock worth $185,321,000 after purchasing an additional 320,580 shares during the last quarter. Finally, Federated Hermes Inc. grew its stake in shares of Teradyne by 188.8% during the first quarter. Federated Hermes Inc. now owns 2,105,852 shares of the company’s stock worth $173,943,000 after purchasing an additional 1,376,631 shares in the last quarter. 99.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Morgan Stanley raised their price target on Teradyne from $100.00 to $136.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 14th. Evercore ISI increased their price objective on Teradyne from $120.00 to $175.00 and gave the company an “outperform” rating in a report on Tuesday, October 28th. JPMorgan Chase & Co. boosted their target price on Teradyne from $122.00 to $190.00 and gave the stock a “neutral” rating in a research note on Thursday, October 30th. Susquehanna reaffirmed a “positive” rating and issued a $215.00 price target on shares of Teradyne in a report on Thursday, October 30th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Teradyne in a report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $171.25.

Insider Buying and Selling

In other news, CEO Gregory Stephen Smith sold 1,108 shares of the company’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $180.20, for a total value of $199,661.60. Following the completion of the sale, the chief executive officer directly owned 94,517 shares of the company’s stock, valued at approximately $17,031,963.40. This represents a 1.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 3,324 shares of company stock valued at $494,318 in the last quarter. Insiders own 0.16% of the company’s stock.

Teradyne Stock Up 0.2%

TER opened at $169.97 on Monday. Teradyne, Inc. has a 52 week low of $65.77 and a 52 week high of $191.56. The business’s 50 day moving average is $145.37 and its two-hundred day moving average is $112.13. The firm has a market cap of $26.62 billion, a price-to-earnings ratio of 61.81, a price-to-earnings-growth ratio of 3.64 and a beta of 1.90.

Teradyne (NASDAQ:TER) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.07. The business had revenue of $769.21 million during the quarter, compared to the consensus estimate of $744.20 million. Teradyne had a return on equity of 18.04% and a net margin of 15.49%.The company’s revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.90 earnings per share. Equities analysts expect that Teradyne, Inc. will post 3.88 EPS for the current fiscal year.

Teradyne Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Monday, November 24th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Monday, November 24th. Teradyne’s dividend payout ratio (DPR) is presently 17.45%.

Teradyne Profile

Teradyne, Inc designs, develops, manufactures, and sells automated test systems and robotics products worldwide. It operates through four segments; Semiconductor Test, System Test, Robotics, and Wireless Test. The Semiconductor Test segment offers products and services for wafer level and device package testing of semiconductor devices in automotive, industrial, communications, consumer, smartphones, cloud, computer and electronic game, and other applications.